This was partially offset by operating weakness at ANGI Inc., wherein the segment recorded Adjusted EBITDA loss of $4.4 million (2Q20: $57.9 million). consensus), driven by growth in Dotdash (Adjusted EBITDA: 69.4% YOY), Search (+173.4%), Inter-segment eliminations corrected (+61.0%) and Emerging & Others stood at $6.9 million (2Q20: -$2.6 million). Adjusted EBITDA grew 34.7% to $26.4 million (-8.2% vs. consensus), driven by broad based growth across all operating segments including ANGI Inc.
Total revenue increased 25.9% YOY to $829.4 million (-8.0% vs. NDAQ: IAC, $130.07, Market Capitalization: $11.6 billion) announced 2Q21 results. (AP Photo/Mark Lennihan) ASSOCIATED PRESS Ask.com and other Web sites, said Tuesday that asset sales helped it profit in the third quarter while advertising revenue continued to slump. “While in aggregate, the net revenue from VOD buyers for Vimeo is still early, we are proving the global marketplace as more creators upload and sell quality, ad-free content directly to paying viewers through our open platform,” Levin said Monday.The IAC building is shown, Oct. It’s the first time Vimeo ranked that high. video sites, behind Google (which owns YouTube), Facebook and Yahoo.
Levin also boasted Monday that in September Vimeo was fourth in ComScore’s rankings of U.S. IAC has used Google for 14 years so far - a relationship that has generated $10 billion in revenue for IAC - and the new agreement will keep the partnership going through March 2020. as a separate company, and on Monday IAC said its initial public offering for the new company should happen by year’s end.Īlso on Monday, CEO Joey Levin said IAC has extended a deal with Google for sponsored listings and other online search services. IAC is in the process of spinning off its Match Group Inc. Media’s operating loss, meanwhile, was $8.3 million, a slight improvement over the $8.7 million operating loss the segment recorded in the same quarter a year earlier. Search and applications reported $377.1 million in revenue and operating income of $65.4 million the match group, consisting of online dating sites, recorded $274.2 million in revenue and operating income of $84.3 million and eCommerce contributed $130 million in revenue while showing $7.7 million in operating income. Also, media was IAC’s lone segment to report an operating loss. IAC’s “media” segment remains the online conglomerate’s smallest contributor, adding $57.3 million in revenue during the quarter, up 15 percent from last year. Despite the earnings beat, IAC shares were shrinking 1 percent in after-hours trading after dropping 2 percent to $67.57 in the regular session.īarry Diller Says Executives and Top-Paid Actors Should Take a 25 Percent Pay Cut, Warns of Industry Collapse If Strikes Not Settled by Sept. Analysts expected 78 cents per share on $806 million in revenue. Overall, IAC said it earned $1.01 per share, after certain items, on $838.6 million in revenue. Vimeo, a video-sharing site that in some ways competes with YouTube, ended the third quarter with 650,000 paying subscribers, up 22 percent from a year ago. IAC, the Internet company controlled by billionaire media mogul Barry Diller, reported better-than-expected quarterly earnings in part courtesy of impressive growth at entertainment properties like Vimeo, CollegeHumor, Electus and the Daily Beast.
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